Cardano price today, ADA to USD live price is $1.21, marketcap and chart

Home » Cardano price today, ADA to USD live price is $1.21, marketcap and chart
Low 24H: $1.13 High 24H: $1.23
  • cardano
    Cardano (ADA)
  • Live Price
    $1.21
  • 24h %
    -0.11%
  • Market Cap
    $43.30 B
  • Volume
    $2.71 B
  • ATH
    $3.09
  • ATH(% Change)
    -60.75%
  • ATH Date
    2021-09-02
  • High 24H
    $1.23
  • Low 24H
    $1.13
  • Available Supply
    35.81 B ADA
  • Rank
    8
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Cardano: The Third Generation of Blockchain

What is Cardano?

Cardano is an open-source, decentralized blockchain platform that aims to provide a more secure, sustainable, and scalable platform for smart contracts and decentralized applications (dApps). It is often referred to as a third-generation blockchain, building on lessons learned from previous platforms like Bitcoin and Ethereum.

How does Cardano work?

Proof-of-Stake (PoS) consensus mechanism:

Unlike Bitcoin’s energy-intensive Proof-of-Work (PoW) consensus mechanism, Cardano uses a PoS system called Ouroboros.

In PoS, users stake their ADA tokens to validate transactions and secure the network.

This method is more energy-efficient and environmentally friendly.

Layered architecture:

  • Cardano’s architecture is divided into two layers:
  • Settlement layer: Handles the transfer of value and assets.
  • Compute layer: Execute smart contracts and dApps.

This layered approach enables scalability and flexibility.

Formal Verification:

Cardano uses formal verification techniques to accurately prove the validity of its code. This ensures the security and reliability of the platform.

Smart Contracts and Decentralized Applications:

Cardano’s smart contract platform, called Plutus, allows developers to build decentralized applications.

These decentralized applications can range from decentralized finance (DeFi) protocols to supply chain management systems.
Key Features of Cardano:

Sustainability: The Point-of-Sale consensus mechanism reduces energy consumption.

Scalability: The layered architecture and sharding can improve scalability.

Security: Formal verification ensures the security of the platform and smart contracts.

Interoperability: Cardano aims to be interoperable with other blockchains.

Decentralization: A global community of stakeholders maintains the network.

Conclusion

Cardano is a promising Blockchain platform that focuses on security, sustainability, and scalability. Its unique approach and strong community support have made it a major player in the cryptocurrency and blockchain industry.

Cardano price
Cardano price

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ADA Price Live Data

The live ADA price today is $1.21 USD with a 24-hour trading volume of $43.30 B USD. We update our ADA to USD price "Cardano" now in real-time. ADA is up -0.11% down n the last 24 hours. The current ForexMony.com with a live market cap of $43.30 B ADA. It has a circulating supply of coins and a max. supply of $43.30 B ADA coins.

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